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finishing in the green. some records also hit today, honeywe honeywell, united technology, and travelers hitting all-time highs. and cliffs natural resources, we have seen general weakness in iron/ore pricing over the past week or so, when iron ore gets low, it can mean rough sledding for cliffs. also, electronic arts getting hit today. it was your worst performer in the s&p. the company expects revenue and earnings per share at the current quarter to be at the low end of or slightly below its year end forecast. harley davidson, no easy ride today for hog. retail sales for january and february may have been down 4% to 5% 7. and adobe systems just out with earnings, beat on the top and bottom line. that stock spiking in the after-hours. back to you guys, maria. >> thank you so much, josh. and as you just mentioned, adobe up better than 5% after report earnings that beat expectations. take a look at the chart. right after the break, we will take you live to adobe headquarters in san jose, dig into the numbers with an exclusive interview with adobe's ceo. >>> later on, the nfl looking for a
technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every daof the week. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why ase... tracy: the market is not happy today. charles payne is here to show you how to make some money. what is going on with this market? charles: you remember -- market down. to be quite frank with you, environmentally it is a legit concern. you know, i will go check it out. i am definitely putting it somewhere else. immersion is an interesting company. they make a technology that is called hap
the cyclicals, you've dope this for a long time, industrials, technology. that kind of your 2013 strategy? >> yeah, i would say that one of the surprises at least for me has been how well the defensive names have done in the uptake we've seen since the first of the year, and the cyclicals have lagged somewhat. i would be doing some rotating, believing the u.s. and global economy are going to be okay, i think some industrial and technology names make some sense. cheryl: all right. what are you avoiding right now? >> utilities still make me nestles. i think the fundamentals are mixed, and the stocks are fairly expensive. it was the place so many people went chasing yield and pushed the price of those stocks up quite a bit. so there's some telecommunications names that are okay, but most of the plain vanilla electric utilities, i think, are fully valued. cheryl: you've got some specific stock picks, and you like a few names, medtronic, that's interesting, mdt, pfizer, v.a.ler rah, northrup grumman. defense, interesting. but pfizer, health care. >> yeah. i think health care among the defensiv
start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. connell: making money with charles payne at this hour of the day. dagen: looking at computer storage data management company, net app. what do you think? >> you know, the technology stocks have been somewhat watching this whole thing, so i'm trying to find some of the tech names that look like they've got good risk-reward ratios. i like this a lot. string of earnings beats, they do good there. fiscal year 13-14, the streaks setting up their consensus a little bit, barclay's positive on it, and this morning i heard positive from pacific crest. the cloud, virtualization, enterprise, all of that stuff, a name around a long time. technically a major breakout, $36.60. i like it short term and long term. i think technology might get traction here, esp
on the fox business network. coming up, lk at the biggest ideas in tech. the big headlines in technology including a new address app that could be a must-have for you. we'll tell you what that is, and blackberry's ceo says apple's iphone is out of date? this is the new blackberry hitting store shelfs today in the united states. will the writers be wrong? we'll debate it. plus, we'll hear from you as well. stay tuned. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. got you ! you cannot escape the rel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that ma
technology. we keep seeing that, although, look, maybe micron and the g-rams were good last week and someone makes that case. >> what happens is once somebody wins the bid what happens after that? how much of an ability will they have to leave the company to spend money with a deteriorating balance sheet and your hands are tied there. >> do people just need to put money to work and this company's for sale? >> michael dell has done a pretty terrific job of trying to turn around the company that is frankly, in the end, stuck with a business model that involves the personal computer at the heart of it. >> apollo is a huge gainer and we don't talk about it often unless herb's on the case and they did have 34 cents a share and the journal saying there appeared to be some positive thing goings around this much-maligned name. >> this was selling at two times ebitda. >> this was -- a lot of the smarter hedge funds that i do speak to were telling me you have to get bullish. are you kidding me? until i see the university of phoenix in the final four it ain't happening. >> the florida gulf coast would
about unemployment. >> rose: it has to do with -- >> what's happened is, i mean it's technology. but right now the stock markets are betting on what the future of the world looks like in a year and-a-half and by the way, they don't really care so much about unemployment per se. unemployment will get better but that's not the fundamental issue it's about profits. and compiesre figuring out clever ways to profit despite some of these other problems in the economy. >> rose: that an unjustified optimism do you think, simon. >> charlie i think it's all about the federal reserve which is ironic of course because the federal reserve messed up on pretty much over domain since 2007. but now the fed is more powerful than it's ever been in it's 100 year history and it's with regard to the asset prices and the unemployment picture and to the extent they contue to press on vario or back away from various dimensions of quantitative easing. the fed is driving asset prices, it's having this huge influence over the economy and the seven people on the board of governors of the federal reserve ha
a memory. we do not know how that works. a lot of this will be technology development. a lot of it will be nano- technology. we want to look at london's of thousands of brain cells at the same time to understand -- look at hundreds of thousands of plant cells at the same time. we do not have a scientific plan about milestones. it is getting to be an exciting moment to put something together that we cannot have thought of. nih director on c-span plus some "q & a." ofyou have been out commission since 2006. the chairman has been on since 2009. will we expect some turnover with the commission? >> we all have staggered terms. the past years have flown by quickly. we will see. i get asked this question every couple years. i am thinking about it, but we will see. i have thought about this several times, what comes after the commission. as a limited government position, we should not stay in these positions forever. i love my job. we have a lot of imported work to do. there weret week, resignations announced from the fcc. we spoke with a commissioner before his announcement. hear it
. and when you look at -- we keep doing this, we keep taking technologies, and bringing home areas of our daily life before the second has been tested. as americans we hold the right to vote sacred, we should, what happens here, a vindor not even tate commission -- a vendor, not even a state commission finds out someone is trying to break in to cast ballots on behalf of voters who are not voting, a ven vendor finds it. neil: you know, i wonder, it ts to be like where wrong guy gets in or this this case with high-tech s of this,here is no way to check, you know what i mean. >> that is right, this is a real warning, in this case they were lucky they found out this one example. >> i did not know that it was a vendor not some high ranking state official. just some guy, hey, i think we got a problem. >> think about it, we send elect monitors throughout the world to figure out if other countries, have voting systems that are equitable and are handled would fraud. in our own country we turn things over this computers where we do not know who is on the system. that has to end. we cannot allow th
new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. given way to sleeping. tossing and turning have where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if yo
on the fox business network. coming up, look at the biggest ideas in tech. the big headlines in technology including a new address app that could be a must-have for you. we'll tell you what that is, and blackberry's ceo says apple's hone is out of date? this is the new blackberry hitting store shelfs today in the united states. will the writers be wrong? we'll debate it. plus, we'll hear from you as well. stay tuned. ♪ shibani: blackberry larching its first touch screen device today in the united states, the z10. will the release of this device be the turning point for the companyythat is in a lot of need of a turn around. is it too little too late? joining me is a senior research analyst, and, ramone, great to have you on today for the lauh day for blackberry, and the "wall street journal" called this a flop already. the reason is that they didn't see much promotion at at&t stores selling the device, it was in the back of the store, and what do you think of that? >> i think promotion is very key element to getting a new platform out there, and right now, it's just the beginning. granted
is growing. all we can do to sustain agriculture is to grow indoors, and that's where hydroponic technology comes into play. sandra: what demand jump have you seen based oven legalization of the drug in colds and washington. have you seen the uptick in demand or sales in your company because of that? >> yeah, most of the interest has come from the medical legal states like california, colorado, washington, michigan, approaching half the country at this point in terms of legalization. the dominoes are tipping over. it's app uptick for us to participate, but, more importantly, from a capital raising stand point, it seemed to open barriers for us to bring in capital to fund the company's expansion going forward. that's the biggest catalyst over the past several months. sandra: how does someone make money on this? it's not a stock or commodity or bond, but how would one, if they hear you right now and looking at this growing industry, how can they get involved in investing in it? >> well, most people don't want to take an active investment and start a dispensary and become a cultivator. there's
link as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> good morning. welcome back to "squawk box." our top story this morning, a crisis in cyprus. a little island country. is it in the mediterranean? somewhere over there. sparking another round of euro fear these weekend. the eurozone to force bank depositors in that country to contribute towards a bailout. like a 10% off the top, you've got money in the bank -- >> over a hundred grand. >> and you're taking 10%. right. it's an unprecedented attack on cyprus. it will see small depositors attacked with a lower rate, but greater holdings. it all wreaks of
including one for a technology firm going public today. we'll talk to the model n. also samsung is launching a new product today and it's not a smartphone. we'll talk exclusively with samsung electronics america president tim baxter about what his company is unveiling and taking another look at the futures. it looks like it will be a strong open out of the gates today. the dow with an implied open plus 70 with the nasdaq following suit. more "squawk on the street" live at post 9 on the nyse when we come back. >>> it's wall street firm is jumping on the best buy bandwagon. credit suisse overweight with a $30 price target and the firm calling best buy its best near-term idea expressing confidence in its management's ability to turn the company around. credit suisse is saying it is upbeat about the best buy earnings prospects. the stock is now up almost 90% so far this year. gary balter is the analyst. jim, who i know you know well. >> yes. >> i love the note this morning more than anything. >> i mean, he's quoting bob seeger saying i know it's late. i know you're weary. a lot of people have up
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and housing starts. big crowd here, post 9. "squawk on the street" returns right after this. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> you're >> you're watching cnbc's "squawk on the street." we are watching the financial capital of the world where the opening bell is set to ring in 45 minutes and we are indicating to have an up day across the board on
.5%. here is a statement that i have got from ebay. however, we do leverage a few cloud technology including open stack so that we can architect or infrastructure. what is interest something a system integrator today released fuel which is a set of tools making it easier for people to move to the open source standard for the data center. prayers are getting lennox. a number of other players in servers. >> thank you very much. when goldman sachs talks, investors listen. a couple of big name stocks getting socked by downgrades. the dough down 108 points on the trading session so far. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future.
party rolling out a new digital strategy to close the technological gap that many insiders believe the democrats have commanded very well. carl cameron joins us live from washington. they have been working on this plan for three months. what have they decided is their selfdiagnosis. >> reporter: the digital part of is is a small part. they are going to go to open platform and more standardized information so everyone can see who they want to talk to. they've been interviewing 5,000 people across the people. it was headed up by a panel of real top republican leaders, experts, lit cal pros and they traveled all over the country to find out what aeuld the g.o.p. and how come they got beaten so badly. they determined that voters are turned off and view them as being out of touch. this is reince priebus. >> focus groups described our party as narrow minded, out of touch and "stuffy old men." the perception that we are the party of the rich unfortunately continues to grow and that's frustrating. >> reporter: they say the problem is not what they are saying, it's not the policies or princ
and use to screen technology. >> with all of the innovation on batteries and electric it is just available to create something that can accomplish this. it uses lithium batteries in the precio brushless boat motor without having to have been exposed propellers. you are totally safe to swim in it next to it. >> the charge is only one hour and will give you six models in the water. even craig sklar roof rack where it is a built-in solar power. you can charge on this on the way to the beach. it is lightweight. >> i quickly found that there were a lot of applications for search & rescue. and people were drowning and at that point if the project took on a new need i wanted to get this to market. >> this is from the kick starter anybody can invest in this and secure themselves. >> this represents an opportunity to show it to their public. give them the opportunity to get it out they're not only for recreation but also for search & rescue. gabe slate tech report >> if you'd like to connect with our tech reporter. you can follow gabe slate on facebook, or at-gabeslate on twitter. you can also send
trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated pport, we help you shine every day of the week. connell: nothing crazy, but the market does not look so great. let's go back to nicole petallides for another edition of stocks now. nicole: we have seen our markets do a turnaround. we started off the day in positive territory. at 10:59 a.m., we had our lows of the day. italian banks were halted on the possible cyprus contagion. there are people that believe what we have seen in cyprus may be a good way to do some bank restructuring and other countries. obviously, this is an idea not only for cyprus, but for other european banks. plus, you have a fact of the euro. here is our banks here at home. for the most part, less than 1%. when you check banks abroad, down almost 4%. this is something we will continue to watch. dagen: those italian bank stocks have been halted. dagen: let's check in with charles pay
with the decisions that are made in a job, what you're producing, what technology's being used, what the health conditions of your workplace are, what's done with the fruits of your labor, literally whether your factor or your office continues, since you have to live with those decisions you ought to participate, the basic idea of democracy. so i like the idea of cooperative enterprises because it fulfills my value commitment to democracy. whereas a capitalist enterprise doesn't because it keeps all the decision making in a tiny minority. we all who go to work have to live with their decisions, but we don't articipate in them, not even to speak of the community that has to live with the decisions. but the second reason is i see concrete results coming from an enterprise that was run by the workers collectively, and let me give you a few examples. first, most of us believe that if the workers themselves made a decision that they would close the enterprise and move it to china, i don't think so. i think that the whole running away of enterprises out of the united states was made possible because
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. one of those sons, a 10-year-old boy died. we're told his mother is still in serious condition. and as of yesterday, the family priest said the mom did not even yet know about the death of her son. fox extreme weather alert now. the deadly spring snow storm that has already buried parts of the midwest dumping heavy wet snow and sleet up and down the east coast. keep in mind winter just ended a couple of days ago. nearly 500 flights cancelled today, most of them in or out of new york city. the roads weren't much better. car crashes all over the place. police are blaming the storm for two deaths. one in kansas and one in missouri where there is still more than a foot of snow in some spots. i should say fortunately a lot of schoo
. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. given way to sleeping. tossing and turning have where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asleep witut remembering it the next day have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swellg occu
. the big headlines in technology including a new address app that could be a must-have for you. we'll tell you what that is, and blackberry's ceo says apple's iphone is out of ate? this is the new blackberry hitting store shelfs today in the united states. will the writers be wrong? we'll debate it. plus, we'll hear from ou as well. stay tuned. ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we eated legalzoom to help people start their buness and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,0 improvements. thredesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial s
to look after it. the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. >>> some patchy low clouds. mostly sunny in the morning. cooler by the coast. increasing high clouds later today leading to rain tomorrow. >>> all right, steve. 7:13. in indiana two people died, their private jet crashed into a house near the south bend regional airport. two other passengers and one other person on the ground was hurt. the plane was flying from tulsa when it hit three houses and got stuck in one of them. >> all of a sudden, sputtering or something and then boom! nothing else. got real quiet. >> investigators say the many plane was having mechanical problems. a jet fuel leak forced several houses to be evacuated. >>> 7:13. today the supreme court plans to take up the issue of whether people should be required to show pro
with the technologies, but rapid economic growth in emerging economies is also increasing demand. the use of water resources is projected to rise by 50% in developing countries and by 18% in the industrialized parts of the globe. water pollution is not helping the situation, either. nor is climate change -- certain regions are literally trying out. many countries are introducing desalination systems and drip irrigation, but these solutions are of little use to the world's poor, for home water scarcity is becoming an increasingly pressing problem. >> the united nations says access to clean drinking water is a human right. but that right is not insured everywhere, especially in countries where water is a scarce resource. >> you would think that countries such as germany with abundant amounts of water would have no problems, but they do when accessibility becomes a business. >> the berlin water table citizens group is rehearsing a song they have adapted to protest against private water companies. they have come up with a reworked version of the popular 1920's tune "veronica spring has come." in a thi
this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. >>> some patchy low clouds. mostly sunny in the morning. cooler by the coast. increasing high clouds later today leading to rain tomorrow. >>> all right, steve. 7:13. in indiana two people died, their private jet crashed into a house near the south bend regional airport. two other passengers and one other person on the ground was hurt. the plane was flying from tulsa when it hit three houses and got stuck in one of them. >> all of a sudden, sputtering or something and then boom! nothing else. got real quiet. >> investigators say the many plane was having mechanical problems. a jet fuel leak forced several houses to be evacuated. >>> 7:13. today the supreme court plans to take up the issue of whether people should be required to show proof of u.s. c
probably won't surprise you. we'll be right back here on "worldwide exchange." zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to the program. the latest out of cyprus, the bank tax level is still under discussion and, in fact, the country is mulling a tax free threshold for that levy on smaller deposits. now we know that over the weekend, martin schultz said eld prefer to see depositors with less than 25,000 exempted. hugo dixon said his would be likely to see under 100,000. julia chatterly spoke exclusively to the cypriotic finance minister last weekend and asked them why they had gone back on their pledge depositors would not have to help foot the bill of a bailout. >> what we did accept is an exchange of relatively smaller part of somebody's deposit once and for all with shares in an institution. this is not a very agreeable outcome, for sure, but it compares well with much more
the latest from sydney when we come back. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to the program. a contentious atmosphere where the our row group chair is speaking in moscow taking questions from at times a hostile crowd being pushed on to the response the european union has had thus far with regard to the cypress issue. by the way, criticism coming not just from the people at that gathering, but from fitch which is slamming the way the eu has handled this. and essentially in a press release talking about how it brings into focus the cost of policymakers muddling through approach to the eurozone crisis saying each sovereign and bank crisis is prompting an ad hoc response, exacerbating uncertainty and financial instability. they say there are no meeting implications for sovereigns. but with a statement like this, you can understand if markets tak
from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> moscow has yet to react publicly to news that cyprus has secured a 10 billion euro bailout for lenders. russians are expected to take heavy losses as part of the planned levy on uninsured deposits over 100,000 euros. the question of russian involvement has drawn mixed reaction tr eurozone finance ministers in brussels. >> i understand that t
fluffers? the inside story from yale's jeff sonnenfeld when we return. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> we do have -- let's get that screen pop up there in front of us, it's coming slowly by surely. the dow would open up 76 points higher, nasdaq up 17 points and the s&p 500 up almost 10 points all as a result of this deal in cyprus, i would imagine. apple is buying slam to buy identification technology with a user is inside a building. apple's mapping software has been criticized for misguiding directions and incurrent landmarks. this apparently could help that. >>> attention corporate boards this morning, jeff sonnenfeld knows what you need. >> good morning. how are you? >> good morning. how are you? >> you have a new paper and we also have news of this dell transaction and now we have black stone and carl icahn running around. but the big issue is what does michael dell do? he could
. >>> in technology news, a computer haeshg has been sentenced to more that's three years in prison for stealing the personal data of about 120,000 ipad users. the man was convicted of i.d. theft and conspiracy. abc news anchor diane sawyer, rahm emanuel and harvey winestien. prosecutors argued that prison time will deter others from hacking people on the internet. the industry group telecom prevailed in arguing against cyber security recommendations. industry experts say that prescriptive measures would hamper innovation and expose companies to being sued if their networks get hacked. >>> another ceo is resigning and releasing a mea culpa. this is something. john bricatelio is stepping down march 30th. he had been on the job for more than six years. in a letter, he says the following. the decision to leave is, quote, really all about my accountability for the short comes in our financial results this year. currently looks like we will come in at the low end or absolutely below the financial guyance we issued to the street and we have fallen short of our internal operating plan we set one year a
level, and i think increasingly the technology, becky, of these things, if i can call it that with the rise of special committees and the rise of separate legal advisers and a lot more scrutiny both in the press and so forth, increasingly, these processes are getting more modern and more appropriate. i don't buy the idea that any management buy out by its nature is unfair. i don't buy that. >> the reason we asked you about this and the reason you can't talk specifically about dell is because today is the last day. it can be fair and that's an interesting argument. let's get both of your decisions about what you think about cyprus. what do you think? >> on monday we'll see some additional drama. i think things are not developing smoothly over the weekend, but we will move beyond that and this situation in cyprus will be resolved. this is not going to be damaging to the eurozone. that recovery process is in gear and moving forward. >> roger? >> i largely agree. i don't think it will have medium term or long-term large effect. >> john, you wouldn't worry about positioning
sides have access to the technology at this point. >> david, she said journalists -- it depends on your definition of journalists. should that be paparazzi as well or -- >> right. >> or one of the tabloid shows. >> look, i mean, this is -- this speaks to the idea we're becoming a surveillance society. we're getting used to the idea that big brother is watching. and big brother, i think, to wendy's point, is not just the government, it is really all sorts of companies, corporations, now even journalists. i think it is frightening. i think the good news is we're becoming aware of it. how to deal with it is a big question. i'm not comfortable with the idea of corporations, private individuals, being able to surveil their neighbors, to be able to look in on what should be the notion -- that should be areas of private property. the notion of privacy right now is really seriously under attack. it brings all autopsy sort up ethical questions. >> you want to do sunning in your speedo and a drone flies by. >> when you're grown up, your parents are like, hey, listen up, kids, study hard, go to c
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